44 Hitch Pond Cir · Seaford, DE 19973

$84,900

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 150 Days on market

Built 2004 5,000 sqft lot $70/sqft · 13% below area Est $96k · 12% under ↓ 15% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +12.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER AND MOVE IN READY!!! Well maintained and ready for the new owner. This single wide shows that the owners loved it and cared for it. 3 Bedrooms and two full baths along with the open living room, dining and large kitchen are magnified by containing 1200 square feet of living space. You definitely won't be cramped in this one. A deck off the back adds additional entertaining space for those summer barbeques. And it is conveniently LOCATED across the street from the community pool! Come enjoy what Coolbranch offers, a fishing pond, tennis courts and walking trails! Check it out!

Key facts

• Community pool
• Deck off the back
• Fishing pond

Tags

• DECK OFF THE BACK
• COMMUNITY POOL
• FISHING POND
• TENNIS COURTS
• WALKING TRAILS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $85k.

Deal economics

• At list price, monthly cash flow is $863 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.5% vs local median 4.4% in Seaford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#54 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, employment D, crime F.
• Seaford School District (suburban): math 25% / reading 40% proficiency, ranked #15 of 26 in DE (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 215 active listings in the ZIP; 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 71% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.03% ✓
• Cap rate: 18.49%
• Cash-on-cash: 43.58%
• DSCR: 2.94
• GRM: 4.1

CMA / ARV

• ARV (median comp): $96,064
• List price: $84,900
• Delta: -11.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 40.4%
• Equity multiple: 2.73×
• Total profit: $41,196
• Equity at exit: $12,659

10-year hold

• IRR: 46.7%
• Equity multiple: 5.48×
• Total profit: $106,551
• Equity at exit: $7,341

Cash invested: $23,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19973

• Home prices YoY: -17.8%
• Active inventory: 215
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,721 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$16 /mo · $186/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $863

Break-even live

Break-even rent $628

Max offer price $84,900

Occupancy floor 45%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $84,900 Active 150 DOM
2. 2026-06-17
   days on market $84,900 Active 149 DOM
3. 2026-06-16
   days on market $84,900 Active 148 DOM
4. 2026-06-15
   days on market $84,900 Active 147 DOM
5. 2026-06-13
   days on market $84,900 Active 145 DOM
6. 2026-06-12
   days on market $84,900 Active 144 DOM
7. 2026-06-09
   days on market $84,900 Active 141 DOM
8. 2026-06-08
   days on market $84,900 Active 140 DOM
9. 2026-06-07
   days on market $84,900 Active 139 DOM
10. 2026-06-04
    days on market $84,900 Active 135 DOM
11. 2026-06-02
    days on market $84,900 Active 134 DOM
12. 2026-06-01
    days on market $84,900 Active 133 DOM
13. 2026-05-31
    days on market $84,900 Active 132 DOM
14. 2026-05-31
    days on market $84,900 Active 131 DOM
15. 2026-02-20
    price $84,900 602-char remark

    Show marketing remark (602 chars)

    MOTIVATED SELLER AND MOVE IN READY!!! Well maintained and ready for the new owner. This single wide shows that the owners loved it and cared for it. 3 Bedrooms and two full baths along with the open living room, dining and large kitchen are magnified by containing 1200 square feet of living space. You definitely won't be cramped in this one. A deck off the back adds additional entertaining space for those summer barbeques. And it is conveniently LOCATED across the street from the community pool! Come enjoy what Coolbranch offers, a fishing pond, tennis courts and walking trails! Check it out!

16. 2026-01-19
    listed $99,800 Active 602-char remark

    Show marketing remark (602 chars)

    MOTIVATED SELLER AND MOVE IN READY!!! Well maintained and ready for the new owner. This single wide shows that the owners loved it and cared for it. 3 Bedrooms and two full baths along with the open living room, dining and large kitchen are magnified by containing 1200 square feet of living space. You definitely won't be cramped in this one. A deck off the back adds additional entertaining space for those summer barbeques. And it is conveniently LOCATED across the street from the community pool! Come enjoy what Coolbranch offers, a fishing pond, tennis courts and walking trails! Check it out!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $186 · $16/mo
• Projected year-2 tax: $339 · $28/mo
• Expected delta: +$153/yr (+$13/mo · 82.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,649
• − Mortgage interest: −$4,756
• − Property taxes: −$186
• − Insurance: −$424
• − Repairs & maintenance: −$1,652
• − Management: −$1,652
• − Depreciation: −$2,470
• Taxable income: $9,509
• Est. tax owed @ 24.0%: −$2,282
• After-tax cash flow: $8,077/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Seaford School District
• NCES district ID: 1001530
• Math proficiency: 25% ▼ -18.00%
• Reading proficiency: 40% ▼ -12.00%
• Median HH income: $48,427
• Composite: 28.07/100
• National rank: #6835
• State rank: #15 of 26 in DE

Livability — Seaford

• Score: 64/100
• State rank: #54
• US rank: #14448

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,786

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Black 20% Two or more races 13% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1% Dominican 2%
• Common ancestry: Hispanic 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 8% French/Haitian/Cajun 5% Vietnamese 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.40%
• Current HPI: 288.5652
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-14.9% since first listed

2 events — show timeline

• 2026-02-20 Price Changed $84,900 BRIGHT MLS
• 2026-01-19 Listed $99,800 BRIGHT MLS

Property tax history

-1.4%/yr

Latest (2025): $186 · -24.4% YoY. Source: county tax records.